00:17:26 · Max Read, Erin Griffith
[00:17:26] S1: woo stuff, [00:17:27] S3: if They can don't... Mean, is there a word for like AI woo woo? [00:17:31] S1: No. I don't think there is. [00:17:32] S3: Which is romp with one. [00:17:33] S1: Can... Can think of a [00:17:34] S3: Hard fork signatures. [00:17:35] S1: Yeah. Exactly. I mean, it's very interesting because you could look at all the decisions that they've made from the governance structure on down to, like, the specific things that they're doing, and you could tell a story where it's all about their philosophy. It's all about their fear of AI or their belief in AI. But you can also tell a story that this is just a very straightforward, smart Silicon Valley company that wants... Founders wanna retain control. It wants to be very efficient. It wants a clear path to profitability through, you know, enterprise sales and not trying to become the next Facebook or whatever. And it seems like investors [00:18:03] S3: And they that's certainly what the investors that I talked to say. Like, I I remember, like, when when Jacob Cox quit and there... Everyone was kinda freaking out about, like, AI is gonna kill us all. I'm mentioning this to some of their investors and then sort of being like, oh, yeah. You know, hacking, that's a big risk. We're definitely worried about cybersecurity, but, like, I don't really know what you're talking about on the other stuff. Like, we're not worried about that.
00:18:03 · Erin Griffith, Max Read
[00:18:03] S3: And they that's certainly what the investors that I talked to say. Like, I I remember, like, when when Jacob Cox quit and there... Everyone was kinda freaking out about, like, AI is gonna kill us all. I'm mentioning this to some of their investors and then sort of being like, oh, yeah. You know, hacking, that's a big risk. We're definitely worried about cybersecurity, but, like, I don't really know what you're talking about on the other stuff. Like, we're not worried about that. [00:18:23] S1: Let's zoom out a little bit. So, you know, this feels, as we were saying before, like an inflection point. Like, we've spent the last half decade in this in this big time hype moment. VCs, executives, researchers are selling this crazy story of a technology that's gonna change everything. Now we have a big document with a lot of real numbers in it, and pretty soon, we're gonna know what the stock price of Anthropic is. So how would you characterize this? What is happening right now with the IPO? What questions are being asked and what questions are being answered?
00:18:51 · Erin Griffith, Max Read
[00:18:51] S3: I mean, it is sort of like a demystifying moment because we have, you know, seen these companies in the private market get these trillion dollar valuations in such a short time. And it's kind of being set by, like, a handful of VCs. Right? And so, like, yes, VCs believe in the in this company, but they also believed in the metaverse and like a lot of crypto stuff. And that that has not worked out. And so this will be the first time that we have like Wall Street and public market investors and, you know, pension fund investors, all all the professional money managers, like, modeling out the financials of this company and deciding whether it's worth investing at a true $2,000,000,000,000 valuation or maybe 1,500,000,000,000. And so that's part of it is like we're actually going to see, like, some some real evaluation of of the company. Although, I guess you could also argue that Wall Street sometimes invests on hype and momentum too as we've seen many stocks. So like, who knows? But in general, this is like a time when we're finally getting, like, to look inside the business that's underlying the AI boom and decide whether or not it is, you know, a valuable contributor to our economy because there are a lot of people out there that that think it's not. [00:19:54] S1: Yeah. So what are you looking for in the weeks after the IPO?
00:19:54 · Max Read, Erin Griffith, Mike Isaac, S0
[00:19:54] S1: Yeah. So what are you looking for in the weeks after the IPO? [00:19:59] S3: Whether or not AI kills us all. Big question still on everyone's mind. You know? I I doubt that that's gonna be talked about too much on the roadshow. I mean, I... I'm sure that there are some advisers at Goldman and Morgan Stanley who are... Who have been telling Dario, like, let's let's let's reel it back on the on the old extinction talk. [00:20:19] S1: Mean, should I invest in a company that has a 10% chance of killing everybody? [00:20:24] S3: I mean, it's in the risk factor, so you can't say they didn't warn you. [00:20:27] S1: There was a Wall Street Journal headline arguing... The headline is the bull case for AI Armageddon for investors mulling [00:20:34] S4: Bull case. Exactly. Bull case. [00:20:36] S1: For investors mulling the Anthropic share offering a 10% chance of extinction, maybe a 90% win for your portfolio. I... How can you argue with that, really? If you're gonna die, you're gonna die. But if you can Die right bitch. Yeah. Exactly. Erin, thank you for coming into the studio and talking to me at Anthropic. We're gonna take a break, and then we'll be back with Mike Isaac and Jasmine Sun to talk about the rest of the week's news in tech. [00:21:26] S0: More AI tools don't necessarily mean better results, not when the context behind your work is disconnected. Here's Jose Ramirez, Executive Director of Enterprise Agility at Kaplan, the educational services company.
00:21:26 · S0, Mike Isaac, S5
[00:21:26] S0: More AI tools don't necessarily mean better results, not when the context behind your work is disconnected. Here's Jose Ramirez, Executive Director of Enterprise Agility at Kaplan, the educational services company. [00:21:38] S4: A plunge and implementation of AI is definitely the best. It's really embedded in the tool, and the friction is really, really low. [00:21:47] S0: Atlassian brings your team's knowledge and work together, giving AI the context it needs to help you get more done. For more, go to atlassian.com/teamworkgraph. That's atlassian.com/teamworkgraph. [00:22:00] S5: AI spend is growing fast, but most businesses still can't see exactly where that money is going. Ramp gives businesses visibility and control across AI providers with real time guardrails by team and model, helping ensure spend goes to the highest ROI areas. Stop guessing where your AI spend is going. Get started with Ramp. And if you're new to Ramp, you can get $250 off at ramp.com/hardfork. Go to ramp.com/hardfork.ramp.com/hardfork.
00:22:00 · S5, Max Read
[00:22:00] S5: AI spend is growing fast, but most businesses still can't see exactly where that money is going. Ramp gives businesses visibility and control across AI providers with real time guardrails by team and model, helping ensure spend goes to the highest ROI areas. Stop guessing where your AI spend is going. Get started with Ramp. And if you're new to Ramp, you can get $250 off at ramp.com/hardfork. Go to ramp.com/hardfork.ramp.com/hardfork. [00:22:32] S1: It's time to innovate at the speed of AI without compromising control. That's OutSystems. Take a look at what happened with one global retailer during a period of massive expansion. They used OutSystems to build AI agents to automate invoicing and translation processes, shifting 95% of their daily store operations to a new digital app, saving thousands of hours of manual work. OutSystems gives you the flexibility to deploy how you want and the governance to do it safely. Own your agentic future. Learn more at outsystems.com/nyt. That's outsystems.com/nyt. We're back with Erin Griffith and joined by tech writers Mike Isaac and Jasmine Sun. Mike and Jasmine, we were just talking about the Anthropic s one. Mike, what was your big takeaway from the filing?